Back    Zoom +    Zoom -
<H Shrs> HSI Opens Down 67 pts as Mainland Crackdown on Cross-border Investment Weighs on HSBC HOLDINGS (00005.HK) and AIA (01299.HK), Both Down Over 1%
Recommend
42
Positive
59
Negative
43
The DJIA hit a record high overnight (4th), surging as much as 970 pts. Funds rotated into banking and healthcare insurance stocks, while the Nasdaq edged down slightly in choppy trading and the S&P 500 rose 0.4%. Asia-Pacific markets came under pressure this morning (5th). The HSI opened down 67 pts, or 0.27%, at 25,186. The HSCEI opened down 8 pts, or 0.1%, at 8,493. The HSTECH opened down 15 pts, or 0.31%, at 4,959.

The mainland's stringent crackdown on cross-border investment has spread to the insurance sector. HSBC HOLDINGS (00005.HK) opened down 1.78% at HKD143.800. AIA (01299.HK) fell 1.43%. PRU (02378.HK) opened at HKD103.4, down 4.26%.

Leading tech heavyweights traded mixed. TENCENT (00700.HK), MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) opened about 0.5% higher, while NTES-S (09999.HK) fell 0.62%.

Among blue chips, CHOW TAI FOOK (01929.HK) opened up 9.17%. XINYI GLASS (00868.HK) fell 2.34%. LENOVO GROUP (00992.HK) opened at HKD23.86, down another 4.56%. HKEX (00388.HK) reported that IPO fundraising Amt in the first five months of this year rose 111% YoY, while its share price opened down 0.5% this morning. (mn/a)
Auto-translated by AI
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details

AASTOCKS Financial News